Beef prices surged to an all-time high in July as the market grappled with consistently strong demand and long-term issues in domestic production.
Trump claims foreign governments pay his tariffs, but, importers do -- which means you do. Coffee prices have jumped 14.5%, furniture 7.6%, and beef 11.3% since July 2024, thanks to tariffs on Colombia, Brazil, China, and Vietnam. The only thing foreign here? Trump's understanding of economics.
-- Daily Kos (@dailykos.com) Aug 12, 2025 at 1:30 PM
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@#15 ... See, no mystery, just facts. ...
I agree, no mystery, just facts.
So, how will Pres Trump live up to his promise of lowering grocery prices on day one?
The shrinking beef herd has been known for a while, and will take time to replenish.
Then there are more facts regarding beef ...
On eve of US tariffs, Brazilian beef exports hit record high in July (August 6, 2025)
www.reuters.com
... Exports of fresh beef from Brazil reached a record 276,900 metric tons in July, according to trade data on Wednesday, showing a steep rise before a hefty U.S. tariff applied on sales from the world's biggest exporter.
July shipments exceeded those of the same month last year by nearly 17%, surpassing the previous monthly record from October 2024, when 270,300 tons of beef were shipped, the data showed. ...
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